Western Legislative Review: Quarterly forecast projects $554M increase in state revenues for 2019-21

March 20, 2019

According to the Washington State Economic and Revenue Forecast Council, projected revenue collections for the state of Washington’s Near General Fund have increased slightly for the 2019-21 biennium. Today’s quarterly revenue forecast shows a $307 million increase for the current 2017-19 biennium and a $554 million increase for the upcoming 2019-21 biennium.

The forecast estimates a total of $50.6 billion in state revenues for the 2019-21 budget cycle, which begins July 1^st. Despite the modest increase in projected revenues, state legislators still face significant challenges in developing the state’s 2019-21 operating budget due to increased state funding obligations.

Proposals for the state’s 2019-21 operating, capital and transportation budgets are expected to be released by the House and Senate in the coming weeks, and the 2019 legislative session is scheduled to end on April 28^th.

Click here to read more about today’s revenue forecast.